So what's changed?
This is like DejaVu all over again - Microsoft created Wallet/Passport/Live ID for much the same purpose. It's widely used by Microsoft sites, but hasn'treally taken off with other sites, probably because other sites don't really trust Microsoft with shared personal data like this.
This system may improve usability (less form filling/less emails to confirm email addresses/less passwords/usernames to remember but I cannot see how it will address the security concerns outlined in the article. Indeed, it could even make them worse.
The problem is, at the article noted, passwords. This system doesn't remove the need for a password.
If it is possible to work out someone's weak password, then use the same for other accounts, then this system is even worse.
Not only does it guarantee the user name will always be the same as well as the password (currently, usernames can vary from site to site) it also gives you the chance of trying multiple accounts. One of the screen shots in the 'hybrid onboarding' link shows and example site where you have the choice of using the site's native account, or an OpenID or a YahooID or a Google ID or a ClickPass ID. That's up to 5 chances to get the username/password correct, not just one.
Back to the drawing board, Google! Even Paris would see these flaws!